58-24-20. Purposes and powers.
(a) A society shall operate for the benefit of members and their beneficiaries by:
(1) Providing benefits as specified in G.S. 58-24-75; and
(2) Operating for one or more social, intellectual, educational, charitable, benevolent, moral, fraternal, patriotic or religious purposes for the benefit of its members, which may also be extended to others.
(b) Every society shall have the power to adopt laws and rules for the government of the society, the admission of its members, and the management of its affairs. It shall have the power to change, alter, add to or amend such laws and rules and shall have such other powers as are necessary and incidental to carrying into effect the objects and purposes of the society. (1987, c. 483, s. 2.)
Structure North Carolina General Statutes
North Carolina General Statutes
Article 24 - Fraternal Benefit Societies.
§ 58-24-1 - Fraternal benefit societies.
§ 58-24-10 - Representative form of government.
§ 58-24-20 - Purposes and powers.
§ 58-24-25 - Qualifications for membership.
§ 58-24-30 - Location of office, meetings, communications to members, grievance procedures.
§ 58-24-35 - No personal liability.
§ 58-24-50 - Amendments to laws.
§ 58-24-65 - Consolidations and mergers.
§ 58-24-70 - Conversion of fraternal benefit society into mutual life insurance company.
§ 58-24-85 - Benefits not attachable.
§ 58-24-90 - The benefit contract.
§ 58-24-95 - Nonforfeiture benefits, cash surrender values, certificate loans and other options.
§ 58-24-130 - Perpetual license.
§ 58-24-135 - Examination of societies; no adverse publications.
§ 58-24-140 - Foreign or alien society Admission.
§ 58-24-145 - Injunction - Liquidation - Receivership of domestic society.
§ 58-24-150 - Suspension, revocation or refusal of license of foreign or alien society.
§ 58-24-160 - Licensing of agents.
§ 58-24-165 - Unfair methods of competition and unfair and deceptive acts and practices.
§ 58-24-170 - Service of process.
§ 58-24-185 - Exemption of certain societies, orders, and associations.